Apparel retailer Gap Inc on Thursday called off a plan to spin-off its Old Navy brand due to weak business performance, costs and the complexity of splitting into two.
SINGAPORE Press Holdings (SPH) will be issuing S$500 million senior unsecured notes at par, under its S$1 billion multi-currency debt issuance programme.
CHINA'S corporate bond defaults reached a record high last year, with the trend set to continue as the central bank seeks to clean up the financial sector, analysts say.
NEW YORK: Wall Street stocks surged to fresh records on Thursday (Jan 16) after the US Senate approved a new North American trade pact, adding to the momentum from the US-China trade deal. All three major indices finished at all-time highs, with the Dow Jones Industrial Average up 267.42 points...
Microsoft Corp on Thursday set a new ambition among Fortune 500 companies in addressing climate change, pledging to remove as much carbon as it has emitted in its 45-year history.
The S&P 500 hit the 3,300 mark for the first time on Thursday and the other main U.S. indexes also surged to record highs, fueled by solid retail sales data and upbeat Morgan Stanley earnings.
Comcast Corp -owned NBCUniversal's new Peacock service, its belated entry into the streaming video wars, will offer free and US$5-per-month options with advertising, the company announced on Thursday.
BRUSSELS: The European Union is considering banning facial recognition technology in public areas for up to five years, to give it time to work out how to prevent abuses, according to proposals seen by Reuters. The plan by the EU's executive - set out in an 18-page white paper...
The U.S. Senate was poised to approve a new North American trade deal on Thursday, clearing the way for a revamp of the 26-year-old NAFTA that includes tougher labor and automotive content rules but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
Italian American automaker Fiat Chrysler and Taiwan's Hon Hai plan to set up a joint venture to manufacture electric vehicles and to engage in the business of wirelessly connected vehicles, Hon Hai said on Thursday.
